Stocks in U.S. casino companies fell after the Macau government set expectations for the future of the gambling industry there, including increased regulatory scrutiny over casino operations
Stocks in U.S. casino companies fell Tuesday after the Macau government set expectations for, including increased regulatory scrutiny over casino operations.
Six casino licenses in the Chinese territory, including Vegas-based operators Wynn Resorts Ltd. , MGM Resorts International and Las Vegas Sands Corp. , are set to expire in June 2022, and executives had been awaiting word on how the local government plans to handle new licenses.
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